NRCU Mortgage

NRCU is delighted to announce a new mortgage loan product with effect from April 2022, our mortgages are likely to appeal to a wide number of members. Likely uses include first time purchases, late term switching, Council buy-outs, family buy-outs etc.

Our mortgage rates are available on our loan calculator where you can calculate your potential mortgage repayments.

A few benefits of a mortgage from NRCU:

  • NRCU is owned by its members, the people who save with it and borrow from it. A mortgage from NRCU is funded by the savings of other people within your community.
  • All lending decisions are taken at local level.
  • Credit unions excel in personal service which they provide. For a record breaking seven years in a row, credit unions have been voted the best organisation for customer experience in the CXi Ireland report.
  • In 2021, credit unions were voted the most highly regarded financial services organisation in Ireland in the Reptrak® Ireland study.


A twenty year mortgage of €200,000.00 will have 240 monthly repayments of €1,134.39, Interest 3.25% variable, (3.30% APR). If the APR does not vary during the term of the loan the total cost of credit is €72,255.43. The total amount payable is €272,255.43.

In addition to the above costs, you will need to factor in the additional costs such as insurances and legal fees. Your solicitor will advise you of the legal costs involved, including Property Registration Authority fees and Stamp Duty.



Minimum €50,000 Maximum €350,000

Standard Variable Interest Rate

3.25% Nominal 3.30% APRC Variable

Loan to Value Variable Interest Rate

2.75% (where LTV is < or = to 55%) (2.79% APR)

Loan to Income

4 times gross salary of applicants for First Time Buyers - 3.5 times gross salary for second/subsequent buyers


First Legal Charge


Maximum Term 35 years on Principle Private Residence (PPR) in Republic of Ireland

Property Type

No Investment, Buy-to-Let properties or holiday homes. Properties in the Republic of Ireland only.

Loan to Value (LTV)

Maximum of 90%

Property Valuation

Your initial standard property valuation will be paid by New Ross Credit Union.

How to Apply

If you would like more information on mortgages email and request an information booklet or speak to a loans officer on 051-421143 who would be happy to answer any questions you may have.

Downloadable forms:

Click to DownloadGuide for Mortgage Borrowers

Click to Download Understanding your Mortgage

Click to DownloadMortgage Application Form

Click to Download Salary Certificate

Click to Download Income & Expenditure Template

Click to Download Gift Certificate

Click to Download Switcher Mortgage Guide

Click to DownloadMortgage Privacy Notice

Click to DownloadVariable Rate Policy Statement

(A paper copy of the pack can be posted to your home – just ring 051-421143 or email

Click to DownloadHelping members in financial difficulty

Click to DownloadDownload Mortgage Arrears Resolution Process (MARP)

Click to DownloadMARP Glossary of Terms

Click to DownloadIndustry Standard Financial Statement

Click to DownloadCBI Consumer Guide to Completing the Standard Financial Statement (SFS)


If you would like more information please contact us today.

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